Citi Raises Google Price Target to $405, Google Funds $10M AI Training Grant
Google awarded a $10 million grant to the Manufacturing Institute to train 2.1 million future AI-focused manufacturing roles by 2033, expecting AI adoption to rise to 80% by 2030. Citi lifted its price target to $405 from $390 and maintained a Buy rating ahead of the April 29 Q1 report.
1. Citi Raises Price Target
Citi increased Alphabet’s 12-month price target from $390 to $405 and reiterated a Buy rating ahead of the Q1 report scheduled for April 29, citing robust ad sales and Cloud momentum as key growth drivers.
2. Google Awards $10M AI Training Grant
Google provided a $10 million grant to the Manufacturing Institute to develop AI-focused training programs for projected 2.1 million manufacturing roles by 2033, anticipating AI adoption to rise from 50% today to 80% by 2030.
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